Enjoy complimentary customisation on priority with our Enterprise License!
The bearings market in India size is forecast to increase by USDUSD 838 billion at a CAGR of 3.2% between 2023 and 2028. The bearing market in India is experiencing significant growth due to increasing demand from various sectors such as automobile parts, farm equipment, household appliances, defense equipment, aerospace equipment, and wind turbines. The automobile industry's growing focus on automation and the adoption of additive manufacturing techniques are key drivers for the market. However, fluctuations in raw material prices pose a challenge for bearing manufacturers. In the defense and aerospace sectors, there is a rising need for specialized bearing solutions due to the high performance requirements of these applications. In the renewable energy sector, the focus on turbine performance and energy production efficiency is leading to an increase in lubricant consumption and the demand for bearings that can operate in harsh environments. Raceways, a critical component of bearings, are also gaining importance due to their role in reducing friction and improving efficiency. Overall, the Indian bearing market is expected to grow steadily in the coming years, driven by these trends and challenges.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Product
8 Customer Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
Get the report (PDF) sent to your email within minutes.